With the election just one week away, small businesses and entrepreneurs stand to be impacted uniquely by who takes office. In Massachusetts, the particularly contentious U.S. Senate race could mean the difference between prosperity and poverty, considering how the candidates stand on taxes and regulations. Scott Brown, the incumbent, is the only logical choice for small business owners and entrepreneurs who want to experience future growth.
The top reason to vote for Senator Brown is that he vigorously defends tax cuts and staunchly opposes tax increases. Despite what the numbers will say, the economy is stagnant, and business owners are doing more with less every day. Raising taxes will only take more money out of the pockets of hardworking entrepreneurs, making it harder to hire more staff, spend on research and development and invest in the business.
Senator Brown isn’t voting to extend tax breaks for “the wealthy” (categorized as those making over $250,000 per year, which, given the cost of living in Massachusetts, is upper middle class and in Boston, “getting by”) because he loves the wealthy. He wants to extend tax breaks for everyone, rewarding success and encouraging entrepreneurship – and allowing business owners who do make more than $250,000 per year to reinvest that money in their business or spend that money at other small businesses.
He believes that the Federal government should stay out of business. One myth about Senator Brown is that he’s opposed to birth control. He’s not – he’s opposed to the Federal government mandating that employers pay for birth control, even if it goes against their beliefs. It’s a slippery slope that he recognizes. Once the Federal government can mandate a religious organization provide services that are against their doctrines, what’s next?
The Lilly Ledbetter Fair Pay Act is another example of the Federal government overstepping its bounds. The only people that would benefit would be trial lawyers, filing lawsuit after lawsuit against businesses, even if the pay disparity was unintentional. It would mandate how employers could pay their staff. Senator Brown voted against it because it would harm small businesses who may have valid reasons – such as a disparity in experience, education or skill sets – for paying workers different wages.
Senator Brown has consistently voted in favor of incentives that help small businesses and entrepreneurs. Just a few examples are:
- Cutting payroll taxes with a proposal that was finally passed at the end of 2010
- Support for a bipartisan bill that repealed the Patient Protection and Affordable Care Act mandating that businesses issue 1099s for all payments over $600
- Introduction of a bipartisan measure that gave a 25 percent income tax credit to small manufacturing, biotech and clean energy businesses, and also would allow small businesses to create tax-free start-up accounts
- Cosponsorship of a bill to require that small business concerns be considered when Federal agencies create new regulations
- Consponsored a bill that would reduce the excise tax on beer for brewers producing less than 6 million barrels a year
- Introducing crowdfunding legislation, which allows entrepreneurs easier access to start-up capital
The choice is clear, and the Springfield Entrepreneurship Examiner roundly endorses Scott Brown for U.S. Senate.